Coleman Report
Fraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud
May 3, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud The former CEO of a Minnesota credit union who was accused of stealing more than $10 million, pleaded guilty to stealing at least $2.5 million after a five-year investigation by the FBI. Margurite…
Read MoreMovers & Shakers — Brent Ciurlino, Jim Donovan, Marty Spuehler, James Fizel, AJ Patel
May 2, 2019 Movers & Shakers — Brent Ciurlino, Jim Donovan, Marty Spuehler, James Fizel, AJ Patel By Bob Coleman Editor, Coleman Report Newtek Business Services Corp. Hires Brent Ciurlino as Senior Vice President, Risk and Operations Barry Sloane, Chief Executive Officer, says, “We are extremely pleased to have retained the talent of Brent Ciurlino…
Read MoreSBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement
April 30, 2019 By Bob Coleman Editor, Main Street Monday SBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement SBA Lenders may no longer unilaterally approve any adjustment to or change in the ownership of a Borrower, including a change in percentage of ownership, for…
Read MoreMain Street Monday – Small Business Owners Cautiously Optimistic About Economy
April 29, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owners Cautiously Optimistic About Economy The release of the latest economic forecasts and surveys to date indicate that while small business owners remain optimistic about the economy, they are cautiously optimistic. The buzz word is “conservative” in terms…
Read MoreFraud Friday – Chicago Group Sentenced for Bank Fraud Scheme
April 26, 2019 Fraud Friday – Chicago Group Sentenced for Bank Fraud Scheme By Dominic J BartoloneContributing Editor, Fraud Friday Four defendants who pleaded guilty to bank fraud charges were sentenced in U.S. District Court to federal prison time and ordered to pay more than $14.3 million in restitution for their part in a scheme…
Read MoreColeman Movers & Shakers — Mark Schulte, Asif Fazal, David Coletti, Rahul Barot
April 25, 2019 Coleman Movers & Shakers — Mark Schulte, Asif Fazal, David Coletti, Rahul Barot Mark Schulte Joins Stone Bank Vinny Muratore, President of Stone Bank’s SBA Division, says veterann SBA Lender Mark Schulte has joined the Arkansas-based bank. Mark has been involved in government guaranteed lending since 1989. He began his career with…
Read MoreC-Suite Wednesday — SBA Wish List; Express to $1 Million, 504 to $6.5 Million, Authority to Fine Lenders
April 24, 2019 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA Wish List; Express to $1 Million, 504 to $6.5 Million, Authority to Fine Lenders A couple of weeks ago the Senate Small Business committee held a hearing about reauthorizing its SBA 7(a) and 504 loan programs. Associate Administrator for the SBA Office…
Read MoreColeman Report Update! — SBA Fee Changes, Yvette Collazo, Steve Bulger, Puerto Rico Main Street Recovery, Veterinary Loans
April 24, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — SBA Fee Changes, Yvette Collazo, Steve Bulger, Puerto Rico Main Street Recovery, Veterinary Loans This week’s topics: SBA Fee Changes Steve Bulger, Yvette Collazo Puerto Rico Main Street Recovery Veterinary Loans
Read MoreCPR Report: Actual 7(a) Prepays Stay Below 15%
April 24, 2019 CPR Report: Actual 7(a) Prepays Stay Below 15% By Bob JudgeEditor, CPR Report In March, total prepays, including paid excess principal (ACPR), came in at 14.07%, a 1% decrease from last month’s reading of 14.27%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in at…
Read MoreSBA Hot Topic Tuesday — Top 7 Questions Asked By Distressed SBA Borrowers
April 23, 2019 By Jason Milleisen Founder of Distressed Loan Advisors SBA Hot Topic Tuesday — Top 7 Questions Asked By Distressed SBA Borrowers 1) Can my SBA loan be settled? In general, the SBA will consider settlement offers when it’s warranted. Whether they will consider YOUR settlement offer will depend a variety of factors.…
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